Pharma BD Deal Intelligence

AbbVie Inc. / Kestrel Therapeutics, Inc.

2026 · Licensing/Option · $1.4B · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Apr 28, 2026 BioSpace Bullish

AbbVie sinks talons into KRAS with right to buy Kestrel for up to $1.45B. AbbVie is setting up a shot to buy Kestrel Therapeutics down the line. The exclusive…

Apr 29, 2026 BioPharma Dive Neutral

AbbVie secured an option to acquire Kestrel Therapeutics at an agreed-upon price, funding the KST-6051 pan-KRAS program in early human testing; max deal value…

Apr 29, 2026 Clinical Trial Vanguard Neutral

Kestrel Therapeutics dosed the first patient in FALCON, its Phase 1, open-label dose-escalation and expansion study of KST-6051. Total potential consideration,…

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AbbVie entered a warrant agreement with Kestrel funding KST-6051 development plus an exclusive option to acquire Kestrel based on defined development/regulatory milestones; total deal value up to $1.45B across upfront, exercise, and downstream milestone payments. First patient dosed in Phase 1 FALCON trial concurrently announced.

Key facts

Related deals — scored

DealYearValueOutcome
AbbVie Inc. / Kestrel Therapeutics, Inc. (this deal)2026$1.4B
AbbVie Inc. / Boehringer Ingelheim GmbH2016$2.2B95
AbbVie Inc. / Genmab A/S2020$3.9B81
AbbVie Inc. / Pharmacyclics Inc.2015$21.0B79
AbbVie Inc. / Apogee Therapeutics, Inc.2026$10.9B72
AbbVie Inc. / ImmunoGen Inc.2023$10.1B69
AbbVie Inc. / Gilgamesh Pharmaceuticals Inc.2024$2.0B64

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